How to Prepare a Young Adult to Move into their First Apartment

Most Young People Look Forward to Relaxing in Their First Apartment - Someplace They Can Think of As Their First Home!

There is no place like home, especially when it is the first place you can call your own!
There is no place like home, especially when it is the first place you can call your own! | Source

Establishing Independence

Somewhere between the ages of 19 and 24, your adult child will be ready to move into a place of their own. Once you and they feel that they are mature enough, as well as emotionally and financially secure, they should be ready to establish their own household ... usually in an apartment. If this is your first child to move out, neither of you may know what to expect.

The first thing which has to happen before a young adult can get their first apartment is that they need to have a job, with an income that is ample enough to cover their expenses. Many apartment complexes require that the tenant's gross income be at least twice the monthly lease amount ... and sometimes more. Of course, if your child is a student, you may have to rent the apartment in your own name, until they are ready to support themselves.

The young person will also need at least $1000 to cover deposits and emergency expenses. (Sometimes this starter money comes from graduation and other gifts.) In some situations, parents may have to co-sign the first lease with their adult child. Unless they are a student and dependent on you, try to avoid being a co-signer, if possible. You do not want to take responsibility for paying their rent unless you are really confident in your child's maturity and ability to support themselves.

In addition, since you want them to learn how to take care of their finances, you may want to get them the Suze Orman book, below. It will answer their questions about buying a car or home, getting insurance, starting a retirement fund, and much more.

Choosing a Roommate

In many cases, young adults need to have a roommate in order to afford their first apartment. However, don't be surprised if this arrangement only lasts a year or two. Often young adults have wildly different interests and levels of maturity. While one is looking for a party house, the other is looking for a quiet place to relax after working all day. This can create immediate conflict! Have a discussion with your young adult about what they need in a roommate. Their best friend from high school might not be the best choice for a roommate as an adult. Only an honest discussion can help them make the right decision.

Choosing the right roommate is especially important if you are going to be co-signing the lease. You want to make sure the roommate also has a job and is able to carry their part of the rent ... or you may end up paying it, instead.

Banking and Retirement Accounts

Along with finding a job and an apartment, the young adult also needs to set up banking and retirement accounts, as well as establish their own credit, if they have not already done so. They should plan to deposit a small amount of money each month into both a retirement account and a savings account. The savings account is especially important, so that they have money for emergencies. Help them establish a reasonable budget, so they are not continually turning to you for help with every minor emergency! As you know, cars break down, people get sick, pets get injured and other "surprises" creep up almost continually in life. Our children need to learn to be prepared for these events, too!

Your Young Adult May Need Financial Advice - This is an Excellent Resource!

Make Sure They Know How to Cook and Have the Right Supplies

Once the young person has found a job and an apartment, and created a budget that will allow them to live comfortably within their means, they are ready to move into their new place. However, most young people who are moving from their parents' home will not have many belongings to move, other than their clothing, computer and personal items.

Now is the time to decide what you are willing to have them take to their new home. Is it alright with you for them to take the bedroom furniture they grew up with? Do you have any other old furniture that you were planning to get rid of anyway? What about dishes, tableware, glasses and cups? Do you have any mismatched items cluttering up your cabinets that you would like to get rid of, or replace? What about towels and bed linens? Why not give the adult child some of your old things and buy new supplies for yourself? Personally, every time one of my daughters moved out of the house, I got myself some new glasses and everyday dishes. It made it fun for both of us!

Before you know it, you and your child will be visiting each other, meeting for lunch, and establishing an entirely new relationship as two adults. Enjoy yourselves! It will be fun!

Here's a Book to Help You Launch Your Teens into Adulthood in a Loving Way - Without Getting Too Clingy or Leaving Them Unprepared

Loving, Launching, and Letting Go: Preparing Your Nearly-Grown Children for Adulthood
Loving, Launching, and Letting Go: Preparing Your Nearly-Grown Children for Adulthood

Parents can do a lot to make sure they have successfully launched their child into adulthood. Remember that it is a joint effort between you and your kids.


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Comments 17 comments

denise.w.anderson profile image

denise.w.anderson 5 years ago from Bismarck, North Dakota

After raising seven children and launching them into the adult world, I echo your sentiments. It is vitally important for young adults to take responsibility for their own affairs as soon as possible after high school. College life is no different than having a full time job and working. One has to keep deadlines, manage money, get along with roomates, and set aside for a rainy day. Thanks for the tips!

Millionaire Tips profile image

Millionaire Tips 4 years ago from USA

I am coming upon that time when my daughter will be ready to move out. I do hope that the transition goes smoothly. Thanks for these useful tips.

Deborah-Diane profile image

Deborah-Diane 4 years ago from Orange County, California Author

I'm a firm believer that the more responsibility you give your college age kids, the better the transistion will be. Of course, they will make mistakes ... but I do, too! Accept the mistakes as a normal part of life, and send them out to act responsibly again!

Deborah-Diane profile image

Deborah-Diane 4 years ago from Orange County, California Author

The time when our kids move out is very nerve-racking for most parents! Relax. I'm sure she will do well!

dahoglund profile image

dahoglund 3 years ago from Wisconsin Rapids

I am pretty far past having my children move out. In fact, their children are now in that process. You ideas sound good. To my mother the idea of her children moving seemed to her to be a personal insult. voted up and interesting. sharing.

torrilynn profile image

torrilynn 3 years ago

Hi Deborah,

thanks for this hub Im almost at the point of wanting to move

into my own apartment im sure with the help of my parents and your

hub I'll be able to move in just fine. thanks again.

Voted up and sharing.

moonlake profile image

moonlake 3 years ago from America

Lots of good information. Our kids are now past this time but I remember it well when they got their own place.

Deborah-Diane profile image

Deborah-Diane 3 years ago from Orange County, California Author

We were able to successfully and happily move all our daughters into their own places, and they have been independent every since then. With a little planning and assistance, I believe that almost any young person is capable of living on their own. I'm glad you have all found this information helpful ... whether you are a parent or a young person hoping to move into your own place soon.

Au fait profile image

Au fait 3 years ago from North Texas

Great information for families that are going through this phase or about to. Lots of food for thought here. Talking and planning this big event will help it go more smoothly. Good advice and conversation starters.

Deborah-Diane profile image

Deborah-Diane 3 years ago from Orange County, California Author

Even though most young adults are excited about moving into their first apartment, they are also a little scared and nervous ... although they don't like to admit it. This article may help things go a bit more smoothly.

moonlake profile image

moonlake 3 years ago from America

When our daughter moved into her own place she never came back to live with us. She made it on her own. Shared this hub.

Deborah-Diane profile image

Deborah-Diane 3 years ago from Orange County, California Author

Thank you for sharing that your daughter was able to successfully move away from home. I think any child can do it, if we prepare them properly to live on their own. All four of our daughters were able to, and we enjoyed helping each of them move out on their own and get established. I think it is part of being a successful parent!

Au fait profile image

Au fait 3 years ago from North Texas

A lot of young people are moving away from home into their own place right now with classes starting back up at the university. This could be a very helpful article for them and their parents. Sharing.

georgescifo profile image

georgescifo 3 years ago from India

Awesome hub and a real eye openers for those young adults who are planning to move into another apartment.

Deborah-Diane profile image

Deborah-Diane 3 years ago from Orange County, California Author

I've found that good planning is key when kids move into their first apartment ... a step that nearly all of us have to go through at some point in our young lives!

pstraubie48 profile image

pstraubie48 24 months ago from sunny Florida

This is so smart, Deborah Dian. Especially finding out what it is that is desired in a roommate...that really can become problematic if the two differ vastly in their idea and have not discussed it prior to moving in.

A long time ago...longgggg time, I did this. :D

Sharing and voting up

Angels are once again on the way to you this afternoon ps

Deborah-Diane profile image

Deborah-Diane 24 months ago from Orange County, California Author

Having your children move out of your home can be a big change for everyone but, like birds leaving their nest, it is something that every family must go through. It is important that we launch our children happily and well.

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